Corus Entertainment (TSE:CJR.B) Trading Up 8.3% – Still a Buy?

Corus Entertainment Inc. (TSE:CJR.B) rose 8.3% on Tuesday . The company traded as high as C$0.04 and last traded at C$0.03. 231,731 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 188,110 shares. The stock had previously closed at C$0.03.

Corus Entertainment Trading Up 16.7%

The stock has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.03. The firm has a market cap of C$6.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.69 and a current ratio of 0.69.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings results on Friday, June 26th. The company reported C($0.15) EPS for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$249.36 million during the quarter. On average, research analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

About Corus Entertainment

Corus Entertainment Inc (TSX: CJR.B) is a leading media and content company that develops, delivers, and distributes high quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company’s portfolio of multimedia offerings encompasses 25 specialty television services, 36 radio stations, 15 conventional television stations, digital and streaming platforms and social digital agency and media services. Corus’ roster of premium brands includes Global Television, W Network, Flavour Network, Home Network, The HISTORY® Channel, Showcase, Slice, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, Vivéo, the Global TV App, and Curiouscast.